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- Capital One Savor® Bonus
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Capital One has launched the Capital One Savor® rewards credit card now that their Premier Dining Rewards card is no longer available. This new rewards card offering comes with a $150 sign-up bonus opportunity.
As the name subtly hints, this card is targeted to consumers that dine out often, where the earnings rate is the highest at 3% cash back. The second highest earning category is for groceries, where you’ll earn 2% cash back. The $150 bonus is a good step up from the standard $100 bonus for cards with no annual fee. While there’s nothing groundbreaking with this card, it will come in handy for users with the intended needs.
If you travel often and dine out, you’ll be better off with other card choices that have higher earning potential for both categories of spending (the Chase Sapphire Preferred® and Barclaycard Arrival Plus™ are popular choices, but have annual fees).
If you’re mostly staying put in your hometown and eat out often, then this card may be the right fit for you. Or, perhaps you have a large family and everyone only eats organic, racking up hefty grocery spending each month.
With it not having an annual fee to worry about, the Savor® rewards card will most likely fit best as a supplemental card for Dining and Grocery spending only. If you’re not spending heavy on Dining and Groceries, there are several No Annual Fee credit cards that can earn 1.5% – 2% on ALL purchases (
Barclaycard CashForwardTM World MasterCard® [1.5%], Capital One® QuickSilver® Cash Rewards [1.5%], Citi Double Cash [2%]).
Savor® Rewards Card $150 Bonus
A $150 sign-up bonus won’t stretch your wallet out much, but it still helps in making the decision to go for the Savor® card. If you’re just looking for great sign-up bonuses, see our Credit Card Bonuses page.
To earn the $150 bonus with the Savor® rewards card, spend $500 on purchases within the first 3 months of account opening. This spending requirement should be easy to obtain if you’re considering such a card, as your Dining and Grocery spending should cover that quickly.
Ways To Meet The Spending Requirement
If for whatever reason you find yourself unable to reach that $500 spending requirement in the first 3 months (maybe you’re applying for several card bonuses?), there are a few good options.
- You can fund Checking and Savings account opening deposits with a credit card for several banks, and many of these banks offer sign-up bonuses as well. See our list of the Best Bank Bonuses here. See which banks allow credit card funding. Popular banks like Chase Bank and TD Bank have bonus offers and allow credit card funding for the opening deposit.
- You can buy gift cards with your credit card, and then use them up at a later time at your leisure. For gift card options, see our list of the Best Gift Cards.
- You can pay certain utility bills with a credit card. Expenses like your electric, cell phone, and internet services can usually be paid for with a credit card. With most providers, you can pay more than the amount due, keeping a credited balance on your account.
You can see all the popular ways of meeting credit card bonus spending requirements here.
Savor® Rewards Card Benefits
The 3% cash back on dining and 2% on groceries (it’s the standard 1% on all other purchases) are the obvious reasons for jumping on this card, and the cash back you earn has no maximum caps and no rotating categories to be concerned with. Your cash back will never expire, and there’s actually no minimum threshold you must reach before you can redeem your earnings.
While we think it’s best to carry a better Travel specific credit card when you’re abroad, it’s nice to know the Savor® card actually won’t incur any foreign transaction fees out of the country. It’s typically 3% for such spending with cards that don’t offer this perk.
Aside from these main card benefits, this card also comes with World Elite Mastercard® Benefits:
- Extended warranty protection at no charge on items that are purchased with your credit card.
- Complimentary concierge service to help with booking travel, dining reservations, locating hard-to-find items and more—24 hours a day.
- Identity Theft resolution services
- Travel upgrades and savings like complimentary room upgrades, early check-in and late check-out when available, access to a portfolio of Luxury Hotels & Resorts and more.
- Travel protection where you can be reimbursed up to $1,500 per trip for non-refundable travel expenses, if your trip is cancelled or cut short by things like sickness or injury.
- Price protection where you can get reimbursed the price difference on eligible items when you find the same item for a lower price within 60 days of purchasing it with your credit card.
What’s The Competition?
The Savor® rewards card from Capital One is actually a good option for those with specific Dining and Grocery spending needs, but you’ll definitely want to take a look at some other options before making the final decision.
Travel Card Options To Consider
|The Chase Sapphire Preferred® credit card currently has an offer for 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Redeeming these bonus points through the Chase Ultimate Rewards® program, which is praised by users, will get you $625 in value towards travel. |
The 50K bonus points are worth $625 because you get 25% more value whenever you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. Ongoing rewards with this card include earning 2 points per $1 on Travel and Dining at restaurants. The annual fee is $95, but it is waived for the first year. Full Review
|The Barclaycard Arrival Plus® World Elite Mastercard® offers a 40,000 miles bonus when you spend $3,000 on purchases within the first 90 days of account opening. When you redeem these miles for travel purchases, they're worth $420 due to the 5% in bonus miles you get back every time you redeem for travel.This card has an annual fee of $89 that's waived for the first year, and will earn an ongoing rate of 2 miles per $1 on all purchases. That's basically earning 2% if you redeem towards travel, and 2.1% if you take into consideration the 5% bonus each redemption.If you like to travel, this is a great card worth considering for the flexibility in miles usage without being tied to any airline or hotel. Also, there are no foreign transaction fees to be concerned with. For users who don't travel often, we recommend considering other options. Full Review|
No Annual Fee Card Options To Consider
|The Capital One® Quicksilver® Cash Rewards card will earn a $150 bonus when you spend $500 on purchases within the first 3 months.The bonus offer is comparable to its top competitors, but this card earns a respectable 1.5% cash back on every purchase with no limit on how much you can earn. There are no spending categories to keep up with.|
There's a 0% introductory APR on both Purchases and Balance Transfers for the first 9 months with this card. After the introductory period, the rate will be a variable 13.99%-23.99% APR. The Balance Transfer fee is 3% on the amounts transferred within the first 9 months. People like this card because of the cash back rate, the flexibility to redeem your cash back for any amount, and there's no annual fee. Full Review
|The Citi Double Cash Card doesn't have a sign-up bonus offer, but people use this card as a comparison point because it essentially earns up to 2% cash back on all purchases. You'll earn 1% cash back for all purchases charged to the card. You'll then earn an additional 1% cash back when you pay off those purchases, as long as you pay at least the minimum due. There are no spending categories to keep up with.|
There's an introductory 0% APR on Balance Transfers for 18 months, which will revert to a variable 14.49% to 24.49% after the intro period. Balance Transfers will incur a fee of $5 or 3% (whichever is greater) and must be completed within 4 months of account opening for the intro rate.There's no annual fee with this card. Full Review
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